some time called cypress, only about twice the size of long island sandwiched between greece, turkey, israel and egypt. had the banking sector exposed to greece, it needed to bailout. the bank iing sector is not balg out cyprus, has money laundering problems, we're not going there. the ecb said actually, this is potentially systemic of the eurozone, a member you need to sort it out. now, we find the possibility of a deal courtesy of the russians. yes, a three-way deal. in essence, cyprus is a little bit like euro's answer to brighton beach, a magnet for russian money that may be connected to russian money or not and said they will come in with a three-way deal. not a huge issue, a 17 million euro bailout but clears another obstacle out of the way. another subject of banking, the how continues in italy, clear it's looking for new investors, change of management and bank of of italy saying it will ensure the loans keep going and the italian minister coming to the defense of the central bank saying it's done its job properly. meanwhile, in a relatively quiet day in europe, upgrades and downgrad